It seems each month brings another allegation of D.C.'s "Boomtown" status as a leeching, federal government-dependent city of excess, and one new set of numbers to counter it. This month, the former category belongs to Mark Leibovich's tell-all on "America's gilded capital," This Town, and the inane reviews that have accompanied it. Fortunately, today we [...]
Posts Tagged ‘Boomtown’
Yesterday came the news that, well, we're rich. According to a letter from D.C. Chief Financial Officer Natwar Gandhi, the D.C. government is now anticipating $600 million more in revenue in the next five years than previously forecast. That means a big surplus for years to come.
But buried in the appendix to the letter is [...]
The New York Times’ Ross Douthat looks at D.C.’s new high-rises and sees “a city running on exploitation,” the wealth of which “is ultimately extracted from taxpayers more than it is earned.” In the paper’s Sunday magazine, Annie Lowrey takes readers on a tour of “Washington’s Economic Boom, Financed by You.” Fox News’ Sean Hannity [...]
We've heard it again and again and again: D.C. is awash in riches as the rest of the country suffers, and it's because of the bloated federal government that's leeching off all the poor suckers outside the Beltway. Real Clear Politics is the latest to jump on the bandwagon, with a post earlier this week [...]